May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about his company's ties to the...World Politicsread more
U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.World Economyread more
President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens,...Technologyread more
Indian Prime Minister Narendra Modi won a landslide re-election victory. That could see India taking a more assertive security stance.Asia Politicsread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Chinese technology giant Huawei has enough inventory to sustain its smartphone and 5G networking equipment business for most of the rest of the year, according to brokerage...Technologyread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
After delivering a record number of RVs in 2017, Airstream is expanding production to meet growing demand for its iconic silver travel trailers.
The company is investing $40 million and hiring 300 employees as it builds an all-new production plant in Jackson Center, Ohio.
"We need this. Demand is strong and growing," CEO and President Bob Wheeler told CNBC. "This expansion will allow us to increase our capacity by 50 percent."
Airstream does not release annual sales, though Wheeler says the company's record deliveries in 2017 represented an eight-fold increase from 2009, when sales bottomed out during the recession.
Wheeler knows there is plenty of speculation as to when the U.S. will see its next recession, but as of right now none of the economic indicators tells him Airstream should prepare for a slowdown.
"All arrows are pointing in the right direction," he told CNBC. "Fuel prices are relatively low, there's strong credit availability, and consumer debt is manageable right now."
Airstream currently employs about 900 workers at its Jackson Center plant, about an hour northwest of Columbus. As sales have risen in recent years, the company has grappled with meeting demand while running out of a space.
Last year, sales of all RVs jumped 9.6 percent to 472,200, an all-time high, according to the Recreation Vehicles Industry Association. This year is expected to be a ninth-straight year of higher sales.
Airstream, which is owned by Thor Industries, delivers 95 travel trailers each week.
The company plans to break ground on its new facility in May and be ready to start manufacturing in it by May 2019.